If an investment firm underwrites a stock issue, the

On June 1, Aaron Company purchased equipment at a cost of $120,000 that has a depreciable cost of $90,000 and an estimated usefu

Alex_Xolod [135]

Answer:

It is $30,000(C)

Explanation:

Depreciable cost = $90,000

Using straight-line method,

Annual depreciation = $90,000/3

= $30,000.

Hence, depreciation expense at the final year of service is $30,000

We cannot make use of entire cost of equipment of $120,000 because it seemed the company wanted to sell its scrap value for $30,000. Hence, this has been used to reduced it cost to $90,000 which is a depreciable cost .

7 0

3 years ago

On november 18, 2003, _______________, a reissue of a 1970 beatles album, is released featuring alternate takes and mixes. one w

cupoosta [38]

LET IT BE NAKED was a reissue of a 1970 Beatles album was released on November 18, 2003, featuring alternate takes and mixes.

4 0

2 years ago

Read 2 more answers

Population growth: Suppose the world population today is 7 billion, and sup- pose this population grows at a constant rate of 3%

Alika [10]

Given Information:

Current Population = P₀ = 7 billion = 7x10⁹

Growth rate = r = 3 %

Period = t = 100 years

Required Information:

(a) Population after 100 years = ?

(b) Population after t = 0, 1, 2, 10, 25, 50 years = ?

(c) Population vs time graph = ?

Explanation:

The human population growth can be modeled as an exponential growth,

$P = P_{0} e^{rt}$

where P₀ is the current population, r is the growth rate and t is the time period

(a) What would the population equal 100 years from now?

$P = 7x10^{9} e^{0.03*100}$

P = 140.6x10⁹

(b) Compute the level of the population for t = 0, t = 1, t = 2, t = 10, 25, and t =50

t = 0

P = 7x10⁹e⁰

P = 7x10⁹

t = 1

P = 7x10⁹e^0.03*1

P = 7.213x10⁹

t = 2

P = 7x10⁹e^0.03*2

P = 7.423x10⁹

t = 10

P = 7x10⁹e^0.03*10

P = 9.45x10⁹

t = 25

P = 7x10⁹e^0.03*25

P = 14.82x10⁹

t = 50

P = 7x10⁹e^0.03*50

P = 31.37x10⁹

(c) Make a population versus time graph

Attached as image

5 0

2 years ago

How will an employee know whether or not their employment is a contract or at will

7nadin3 [17]

Good question. If you have not signed an at-will agreement, check your employee manual or other written workplace policies.For example, if you have a two-year contract that states you can be fired during the contract term only for committing a crime, then you are not an at will employee.

5 0

2 years ago

Ben and Carla Covington plan to buy a condominium. They will obtain a $225,000, 30-year mortgage at 7.5 percent. Their annual pr

lana66690 [7]

Answer:

Monthly housing payment 2,033.22

Explanation:

We need to calculate the monthly cuota of the mortgage

It will be the cuota of a 30 year annuity at 7.5 rate

$PV \div \frac{1-(1+r)^{-time} }{rate} = C$

We should convert the year in month and the rate in monthly, because the payment are monthly.

time= 30 year so 30 x 12 = 360 months

rate = 0.075 / 12 = 0.00625 monthly

Present Value = 225,000

$225,000 \div \frac{1-(1+0.00625)^{-360} }{0.00625} = C$

C = $1,573.23

Now we will calculate the propert taxes, insurance per month

2,050 / 12 = 170.83

530 / 12 = 44.16

1,573.23 + 170.83 + 44.16 + 245 = 2,033.22

7 0

3 years ago